Browsing CategoryIndustry

The World Tourism Day was celebrated on September 27th, highlighting the impact and significance of tourism in driving socio-economic growth, fostering cross-cultural understanding, and promoting peace. This year’s theme, “Tourism and Peace,” underlined tourism’s essential role in building bridges between cultures, fostering inclusivity, and encouraging peaceful coexistence in a time…

In the global competition for innovation and economic leadership, research & development (R&D) has become a crucial factor driving progress. In India, where industrial growth and academic excellence are yet to fully align, collaboration between academia and industry remains crucial and unexplored. The success of India’s innovation ecosystem relies on…

The renewable energy sector in India is at the forefront of the country’s energy transition goal and is set to play a major role in achieving the ambitious climate goals. With the government’s commitment to achieving the 500GW energy through renewable energy by 2030 as well as the net-zero emissions…

Global Value Chains (GVCs) play a pivotal role in the globalized economy, allowing countries to become part of international production networks that enhance economic growth and competitiveness. For India, deeper integration into GVCs presents significant opportunities to leverage its industrial strengths, boost exports, and create high-quality jobs. With recent initiatives…

India’s logistics sector is on the brink of a transformative journey, driven by a vision to become more efficient, integrated, digitally led, and significantly automated. With a focus on environmental sustainability and creating high-value employment opportunities, the Confederation of Indian Industry (CII) has been at the forefront of this movement…

Given the high priority accorded to the manufacturing sector, several policy initiatives around the theme of Atmanirbhar Bharat have been set in motion to address its competitiveness and growth. Some notable examples include the PLI scheme and the employment-linked incentive scheme announced in the recent Union Budget. Setting Up Industrial…

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand, is strategically positioned to become a significant economic power in South and Southeast Asia. In 2023, the region’s collective trade of goods reached a substantial USD 1,863 billion,…

Africa, one of the world’s fastest-growing regions over the past decade, is poised for remarkable economic growth. By 2030, the continent will be home to nearly 1.7 billion people and an estimated USD 6.7 trillion in consumer and business spending. This demographic expansion presents a burgeoning consumer base and a…

Handlooms play a distinctive role in India’s cultural and economic fabric. They have been a staple of rural life for ages, rooted in tradition and sustainability. The handloom sector is not only a symbol of India’s rich past, but it is also a key engine of rural development, creating jobs,…

Every year on August 7th, India celebrates National Handloom Day, a tribute to its rich heritage of traditional weaving and the invaluable contributions of handloom weavers. This day not only commemorates the Swadeshi Movement, which was launched on this date in 1905 to revive domestic products and production processes, but…